Going back to the gold standard would be fine for capitalism, if there was enough gold lol
The whole reason the US dropped the gold stand was because they printed more money than they had gold. France tried to withdraw their gold in 1971. The US told them to fuck off.
Libertarians are delusion to think the US government can just, make all this paper worth gold. It would cause massive devaluation of the US Dollar. Maybe that's their reason, since they have invested in Bitcoin & gold.
Going back to the gold standard would be fine for capitalism, if there was enough gold lol
The whole reason the US dropped the gold stand was because they printed more money than they had gold. France tried to withdraw their gold in 1971. The US told them to fuck off.
Libertarians are delusion to think the US government can just, make all this paper worth gold. It would cause massive devaluation of the US Dollar. Maybe that's their reason, since they have invested in Bitcoin & gold.